RESTON,
Va., Dec. 10, 2024 /PRNewswire/ -- V2X Inc.,
(NYSE: VVX) is pleased to announce a strategic joint venture with
Parsons Corporation (NYSE: PSN) in pursuit of the National Science
Foundation Antarctica Science and Engineering Support Contract
(ASESC) with an $8 billion ceiling
value. The newly formed joint venture, named Polar Science Alliance
(PSA), is a wholly dedicated entity which will enable world class
scientific research support services for the United States
Antarctic Program (USAP) over the next two decades.
For over six decades, the National Science Foundation (NSF) has
maintained a vital U.S. presence in Antarctica, conducting extensive research on
the continent and its ecosystems. The NSF's endeavors seek to
comprehend Antarctica's influence
on global processes like climate change and leverage the unique
features of the region for scientific studies that are unparalleled
elsewhere. Under the ASESC, the NSF oversees all U.S. scientific
research activities and logistical operations in Antarctica and aboard vessels in the Southern
Ocean through the USAP, which stands as one of the largest
scientific research programs in the Antarctic region.
"V2X and Parsons have united to form a powerhouse team equipped
to provide unmatched support to the NSF and support the USAP in its
scientific research initiatives in Antarctica," said Ken
Shreves, Senior Vice President of Mission Support at V2X.
"With work from the Arctic U.S. Space Force base to the
West-central Pacific Ocean U.S. Army Kwajalein Atoll, V2X is the
top tier mission critical support services provider of choice for
any geographical and geopolitical environment in the world."
V2X brings over a decade of experience in large-scale polar
operations and logistics expertise and was recently awarded the
follow-on option ten year period, supporting the
multibillion-dollar U.S. Space Force, Pituffik Space Base in
Greenland. V2X boasts decades of
expertise in science support services. Leveraging industry-leading
best practices and insights gleaned from a diverse portfolio of
global programs in remote, challenging, and austere environments,
V2X maximizes operational efficiency across all phases of mission
execution, catering to the needs of government clients globally for
the past 80 years.
"PSA stands ready to bring the experience and resources of its
parent companies, Parsons and V2X, to the world-class United States
Antarctic Program," added Jon
Moretta, President, Engineered Systems for Parsons. "Parsons
brings years of experience in polar operations to this joint
venture, including work as the modernization designer and builder
on the Antarctica Infrastructure Modernization for Science Project.
We're proud to team with V2X for the opportunity to be NSF's USAP
support services partner in enabling the world-class Antarctic
science program."
Parsons is a leader in providing the federal government with
solutions to the most complex infrastructure challenges. Parsons
has 55 years of successful and proven polar operations experience
beginning in 1970 on the North Slope of Alaska. The company's capabilities span
program and construction management, engineering and planning, and
logistics. As a global solutions provider, Parsons works in all
environments, including the freezing temperatures and volcanic rock
of Antarctica. The company uses
technological innovation and harnesses the potential of artificial
intelligence to empower smarter decision-making, drive efficiency,
and support clients worldwide across infrastructure, the
environment, and national security.
The Polar Science Alliance collectively brings world class
capabilities in global logistics, operations and engineering
coupled with over 100 years science and research support
experience. To learn more about Polar Science Alliance, visit
www.polarsciencealliance.com. To learn more about Parsons' federal
infrastructure solutions, visit
www.parsons.com/federal-infrastructure/. To learn more about V2X
and its capabilities, please visit www.goV2X.com.
About V2X
V2X builds innovative solutions that
integrate physical and digital environments by aligning people,
actions, and technology. V2X is embedded in all elements of a
critical mission's lifecycle to enhance readiness, optimize
resource management, and boost security. The company provides
innovation spanning national security, defense, civilian, and
international markets. With a global team of approximately 16,000
professionals, V2X enables mission success by injecting AI and
machine learning capabilities to meet today's toughest challenges
across all operational domains.
About Parsons
Parsons (NYSE: PSN) is a leading
disruptive technology provider in the national security and global
infrastructure markets, with capabilities across cyber and
intelligence, space and missile defense, transportation,
environmental remediation, urban development, and critical
infrastructure protection. Please visit parsons.com and follow
us on LinkedIn and Facebook to learn how we're making an
impact.
Media Contact
Angelica Spanos Deoudes
Senior Director, Marketing and Communications
Angelica.Deoudes@goV2X.com
571-338-5195
Investor Contact
Mike
Smith, CFA
Vice President, Treasury, Corporate Development and Investor
Relations
IR@goV2X.com
719-637-5773
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SOURCE V2X, Inc.